nayan (article assistant) (466 Points)
24 December 2012my client has passed the entry luxury tax payable under the head sbi for the narration (balance tax payable on room rent for fy 2007-08). can they pass that entry on nov 2012? i mean its of 4 year back. what is the time limit??? expert guidance needed.
CA Sankalp Patwa
(CA)
(193 Points)
Replied 18 January 2013
Yes,
Luxury Tax
To Luxury Tax Payable
Prior Period Expenses
To Luxury Tax
No offence to other replies.
CAclubindia
